IMF Report Acknowledges Growth
But Urges Reforms in Hong Kong

WASHINGTON -- The International Monetary Fund said Hong Kong is on the way to a solid economic recovery, but called for greater price competitiveness and financial-sector reforms.

The agency's review of Hong Kong's economic performance is generally supportive of Finance Secretary Donald Tsang's efforts to defend the city's linked exchange-rate system and make its service economy more competitive. The report's bottom line, though, is...